Common use of Registrable Shares Clause in Contracts

Registrable Shares. Shares of the TCI Preferred Stock acquired by the ------------------ Seller and any other shares of capital stock of the Company issued in respect of such shares as a result of stock splits, stock dividends, reclassification, recapitalizations, mergers, consolidations or similar events. References in this Agreement to amounts or percentages of Registrable Shares as of or on any particular date shall be deemed to refer to amounts or percentages after giving effect to any applicable events contemplated by the preceding sentence. Any Registrable Share will cease to be a Registrable Share when (i) a registration statement covering such Registrable Share has been declared effective by the Commission and such Registrable Shares has been disposed of pursuant to such effective registration statement, (ii) such Registrable Share may be publicly resold without registration under the Securities Act or (iii) such Registrable Share is no longer held by the Seller, members of his family and trusts, partnerships and other entities primarily for their benefit and that of the Seller.